Gross Domestic Product — Value Standard Local Currency, annual growth in Cyprus
Cyprus: Gross Domestic Product — Value Standard Local Currency, annual growth was 7.11 % change on previous year in 2024. ◆ Volatile
Gross Domestic Product — Value Standard Local Currency, annual growth in Cyprus, 1971–2024
Source: Statizoid (derived). Measured in % change on previous year.
Analysis
In 2024, gross domestic product — value standard local currency, annual growth in Cyprus stood at 7.11 % change on previous year.
The figure is up 8.7% on the previous year and up 330.0% over ten years.
Over the whole period, gross domestic product — value standard local currency, annual growth in Cyprus peaked at 28.64 % change on previous year in 1976 and was at its lowest, -15.63 % change on previous year, in 1975.
Cyprus ranks 104th of 218 countries on this measure, in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Gross Domestic Product — Value Standard Local Currency, annual growth in Cyprus, year by year
| Year | % change on previous year | Change |
|---|---|---|
| 1971 | 15.4 % change on previous year | — |
| 1972 | 13.61 % change on previous year | -11.6% |
| 1973 | 11.04 % change on previous year | -18.9% |
| 1974 | -7.67 % change on previous year | -169.5% |
| 1975 | -15.63 % change on previous year | +103.8% |
| 1976 | 28.64 % change on previous year | -283.3% |
| 1977 | 26.71 % change on previous year | -6.7% |
| 1978 | 19.74 % change on previous year | -26.1% |
| 1979 | 24.32 % change on previous year | +23.2% |
| 1980 | 20.74 % change on previous year | -14.7% |
| 1981 | 15.2 % change on previous year | -26.7% |
| 1982 | 17 % change on previous year | +11.8% |
| 1983 | 10.91 % change on previous year | -35.8% |
| 1984 | 17.66 % change on previous year | +61.9% |
| 1985 | 10.72 % change on previous year | -39.3% |
| 1986 | 8.09 % change on previous year | -24.5% |
| 1987 | 11.26 % change on previous year | +39.2% |
| 1988 | 11.88 % change on previous year | +5.5% |
| 1989 | 13.24 % change on previous year | +11.4% |
| 1990 | 13.29 % change on previous year | +0.4% |
| 1991 | 4.66 % change on previous year | -65.0% |
| 1992 | 16 % change on previous year | +243.7% |
| 1993 | 5.54 % change on previous year | -65.4% |
| 1994 | 11.42 % change on previous year | +106.0% |
| 1995 | 8.62 % change on previous year | -24.5% |
| 1996 | 3.87 % change on previous year | -55.1% |
| 1997 | 6.64 % change on previous year | +71.6% |
| 1998 | 8.77 % change on previous year | +32.1% |
| 1999 | 7.51 % change on previous year | -14.4% |
| 2000 | 9.81 % change on previous year | +30.6% |
| 2001 | 7.39 % change on previous year | -24.7% |
| 2002 | 4.14 % change on previous year | -44.0% |
| 2003 | 6.52 % change on previous year | +57.7% |
| 2004 | 8.29 % change on previous year | +27.0% |
| 2005 | 7.9 % change on previous year | -4.7% |
| 2006 | 8.14 % change on previous year | +3.0% |
| 2007 | 8.16 % change on previous year | +0.2% |
| 2008 | 8.06 % change on previous year | -1.2% |
| 2009 | -1.76 % change on previous year | -121.8% |
| 2010 | 4.21 % change on previous year | -339.3% |
| 2011 | 2.04 % change on previous year | -51.5% |
| 2012 | -1.83 % change on previous year | -189.5% |
| 2013 | -7.46 % change on previous year | +308.6% |
| 2014 | -3.09 % change on previous year | -58.6% |
| 2015 | 2.64 % change on previous year | -185.4% |
| 2016 | 5.96 % change on previous year | +125.9% |
| 2017 | 6.83 % change on previous year | +14.6% |
| 2018 | 7.36 % change on previous year | +7.8% |
| 2019 | 7.31 % change on previous year | -0.8% |
| 2020 | -4.39 % change on previous year | -160.1% |
| 2021 | 14.78 % change on previous year | -436.6% |
| 2022 | 14.55 % change on previous year | -1.6% |
| 2023 | 6.54 % change on previous year | -55.0% |
| 2024 | 7.11 % change on previous year | +8.7% |
Biggest year-on-year movements
Years where Gross Domestic Product — Value Standard Local Currency, annual growth in Cyprus changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 2021 | +436.6% | -4.39 % change on previous year | 14.78 % change on previous year |
| 2010 | +339.3% | -1.76 % change on previous year | 4.21 % change on previous year |
| 2013 | -308.6% | -1.83 % change on previous year | -7.46 % change on previous year |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 12.91 % change on previous year | -15.63 % change on previous year | 28.64 % change on previous year | 9 |
| 1980s | 13.67 % change on previous year | 8.09 % change on previous year | 20.74 % change on previous year | 10 |
| 1990s | 8.63 % change on previous year | 3.87 % change on previous year | 16 % change on previous year | 10 |
| 2000s | 6.67 % change on previous year | -1.76 % change on previous year | 9.81 % change on previous year | 10 |
| 2010s | 2.4 % change on previous year | -7.46 % change on previous year | 7.36 % change on previous year | 10 |
| 2020s | 7.72 % change on previous year | -4.39 % change on previous year | 14.78 % change on previous year | 5 |
Countries ranked near Cyprus
- 101 Brazil 7.32 % change on previous year compare
- 102 Armenia 7.13 % change on previous year compare
- 103 Montenegro 7.12 % change on previous year compare
- 105 Namibia 7.08 % change on previous year compare
- 106 Solomon Islands 7.02 % change on previous year compare
- 107 Mozambique 7.01 % change on previous year compare
More economy & growth data for Cyprus
- Africa's Development Dynamics (AfDD) Table 04 - Annual real GDP 2.45 Percent per annum (2029)
- Africa's Development Dynamics (AfDD) Table 02 - Annual real GDP 2.98 Percent per annum (2029)
- Foreign direct investment, net outflows (BoP, current US$), gaps 1.57 billion BoP, current US$ (2025)
- Foreign direct investment, net outflows (BoP, current US$), per unit 0.038 BoP, current US$ per US$ of GDP (2025)
- Foreign direct investment, net outflows (BoP, current US$), per capita 1,144 BoP, current US$ per person (2025)
- Foreign direct investment, net inflows (BoP, current US$), gaps filled 11.16 billion BoP, current US$ (2025)
- Foreign direct investment, net inflows (BoP, current US$), annual 122.17 % change on previous year (2025)
- Foreign direct investment, net inflows (BoP, current US$), per unit 0.2708 BoP, current US$ per US$ of GDP (2025)
- Foreign direct investment, net inflows (BoP, current US$), per capita 8,144 BoP, current US$ per person (2025)
- Total reserves (includes gold, current US$), annual growth rate 41.22 % change on previous year (2025)
Frequently asked questions
- What is gross domestic product — value standard local currency, annual growth in Cyprus?
- Gross domestic product — value standard local currency, annual growth in Cyprus was 7.11 % change on previous year in 2024, according to Statizoid (derived).
- What is the highest gross domestic product — value standard local currency, annual growth recorded in Cyprus?
- The highest recorded value was 28.64 % change on previous year in 1976.
- What is the lowest gross domestic product — value standard local currency, annual growth recorded in Cyprus?
- The lowest recorded value was -15.63 % change on previous year in 1975.
- How does Cyprus rank for gross domestic product — value standard local currency, annual growth?
- Cyprus ranks 104th out of 218 countries with data for 2024.
- Is gross domestic product — value standard local currency, annual growth rising or falling in Cyprus?
- Over the last ten years it is up 330.0%. The long-run trend across the full record is volatile.
- Where does this Cyprus data come from?
- The figures come from Statizoid (derived), published as part of Gross Domestic Product — Value Standard Local Currency, annual growth rate. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 54 observations, free to reuse under Derived by Statizoid from the sources named on the page.
How this figure is calculated
The year-on-year percentage change in Gross Domestic Product — Value Standard Local Currency. Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.
Computed from
- Gross Domestic Product — Value Standard Local Currency Food and Agriculture Organization of the United Nations
Statizoid computes this series; the underlying measurements belong to the publishers named above. The arithmetic is applied to every country and year where both inputs report, and nothing is estimated unless the page says so.
About this data
The year-on-year percentage change in Gross Domestic Product — Value Standard Local Currency. Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.